Can someone explain maintenance account and the tax implications.should i have different accounts for each house?if i sell a house with a large M.Account what happens?I'm not asking for specific legal advice just an o...
Hello Bigger Pockets Community,
I'm currently embarking on a real estate development project in San Diego, CA, and I'm looking for some insights on how to best structure my deal. Here's a brief overview of my situati...
Just looking to see specific LLC information for owning investment property in Florida. Recommendations of attorneys or if you set it up online yourself and any other relevant information.
Hi- I have a 2 family on a large lot that I would like to subdivide. Does anyone know what happens to the existing 2 family if after I subdivide it? It now becomes non conforming due to the side set back. Would that ...
Hi everyone,I recently purchased my first investment property, which is a duplex that I am house hacking. I inherited a tenant with the property and gave her notice that I would not be renewing her lease, as I plan t...
Hello all!We're ready to close on a property using a private loan from a close friend, and are just looking for the basic steps as to who does what when. Cash is on hand in funder's account and he is ready to transfe...
I'm in a situation where my landlord has not provided me with a lease despite my several discussions with him. I am planning on sending a registered mail notice so I can have documentation. Originally, he stated th...
Hi BP community! I transferred the rental property to our Living trust in 2022. Is it still possible to transfer this to an LLC for asset protection? thanks!
There are a bunch of due diligence "checklists" out there for rental properties, but I was wondering if someone with experience in this area would run through a typical sale scenario and what they do and when they do ...
So my wife and I are in a contract to purchase a 2-flat and we'll be living in one unit while renting the other one. I know that expenses for upgrades and repairs can be written off, but I found it hard to figure out ...